The question is whether or not that will be a good strategy this year.
Here's my position on that. More homes listed will mean greater competition for buyers. Simple economics says... as supply increases, demand decreases. More homes for sale in the market means buyers have more choices, and this will keep prices from going higher and higher.
What does this mean to you?
With the national job situation improving, and mortgage interest rates projected to rise later in the year, buyers are not waiting until the spring. They are out looking for a home right now. In fact, this past month we have had more buyers request help than any January in recent history. In fact, I may be coming back to you shortly with a "wish list" that my buyers have as they continue to look.
Now, let's take a look at what HAS sold this past week.
There were 6 homes sold, ranging in price from $415,000 - $800,000. They ranged in size from 1524 - 2675, and were built between 1960 & 1970. The average days it took to sell these homes, was 68 days. Click here for all the details of these listings.
It may make sense to beat the rush of housing inventory that will enter the market in the spring and list your home today. Your first step is to get a feel for what your home is worth in comparison to others in your neighborhood. Take advantage of our PinPoint Price Analysis -- it's free, no obligation, and get you started on this journey to selling your home. CLICK HERE to request your analysis.
We look forward to chatting with you soon,
Pinnacle Estate Properties
Cal BRE# 00923192